Eastman Kodak (NYSE:KODK) Upgraded to Hold by StockNews.com

Eastman Kodak (NYSE:KODK) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Eastman Kodak Stock Up 0.6 %

Shares of NYSE KODK opened at $5.32 on Wednesday. The business has a 50-day moving average price of $5.17 and a 200 day moving average price of $4.52. The stock has a market cap of $426.13 million, a PE ratio of 8.31 and a beta of 3.66. The company has a quick ratio of 1.63, a current ratio of 2.47 and a debt-to-equity ratio of 0.47. Eastman Kodak has a 52-week low of $3.33 and a 52-week high of $6.34.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.30 earnings per share for the quarter. Eastman Kodak had a return on equity of 10.61% and a net margin of 6.80%. The business had revenue of $249.00 million during the quarter.

Institutional Investors Weigh In On Eastman Kodak

Several hedge funds have recently made changes to their positions in KODK. Caas Capital Management LP acquired a new stake in Eastman Kodak during the 1st quarter worth approximately $2,055,000. Empowered Funds LLC lifted its holdings in shares of Eastman Kodak by 68.4% during the first quarter. Empowered Funds LLC now owns 301,640 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 122,480 shares during the period. Trexquant Investment LP purchased a new position in Eastman Kodak in the 3rd quarter valued at $457,000. Susquehanna Fundamental Investments LLC increased its stake in Eastman Kodak by 382.0% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 136,887 shares of the technology company’s stock valued at $678,000 after buying an additional 108,490 shares during the period. Finally, Krilogy Financial LLC raised its position in Eastman Kodak by 112.5% during the 4th quarter. Krilogy Financial LLC now owns 170,000 shares of the technology company’s stock worth $663,000 after buying an additional 90,000 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

Eastman Kodak Company Profile

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.